ministry of mines and steel development, abuja, nigeria by diezani alison-madueke (mrs.), honourable...
TRANSCRIPT
![Page 1: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/1.jpg)
MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA
BY DIEZANI ALISON-MADUEKE (MRS.),
HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT.
INVESTMENT OPPORTUNITIES IN NIGERIA’S
MINERALS SECTOR
![Page 2: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/2.jpg)
Nigeria - Where We Are
Ministry of Mines and Steel Development, Abuja, Nigeria
2
![Page 3: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/3.jpg)
So Background Information on Nigeria
Ministry of Mines and Steel Development, Abuja, Nigeria
3
Per – Capita Income: Approx. 493 USD (2005)
Main Religions: Islam, Christianity and Indigenous religions
Rail Network: 4660 km (standard/narrow gauges)
Road Network: 195,000 km Major Ports: Lagos, Port
Harcourt, Warri, Calabar, Onne and Sapele
Major Airports: Abuja, Lagos, Kano, Port Harcourt, Enugu, Kaduna, Maiduguri, Yola, Calabar, Sokoto, Owerri, Jos, Ilorin.
![Page 4: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/4.jpg)
Historical Mineral Production
Ministry of Mines and Steel Development, Abuja, Nigeria
Widespread Gold production.
World’s 6th largest producer of Cassiterite (Tin Ore)
Exporter of Coal.
Major exporter of Columbite and Tantalite (Coltan).
Substantial Wolfram and Lead/Zinc Sulphide production.
4
![Page 5: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/5.jpg)
Reasons for the Decline of the Mining Industry in Nigeria
Ministry of Mines and Steel Development, Abuja, Nigeria
“Oil Boom”
Inefficient State Operations
Depleted Alluvial Reserves( Especially Tin)
Collapse of commodity prices in the mid-1980s
5
![Page 6: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/6.jpg)
Pre Mining Sector-Reform Period (2005)
Ministry of Mines and Steel Development, Abuja, Nigeria
Inadequate Geological Information & Data.
The 1999 Minerals & Mining Act allowed for substantial subjectivity. Opaque Licensing Procedures Leading to speculative title holding. Prevalence of Illegal Mining Activities. Jurisdictional Conflicts between Federal and State Governments.
6
![Page 7: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/7.jpg)
Mineral Sector Reform Strategy
Ministry of Mines and Steel Development, Abuja, Nigeria
Liberal & Transparent Access to Mining Titles
Reorientation of Government from ‘Owner-Operator’ to ‘Administrator-Regulator’
Private Sector to be engine of Growth
Institutional and Human Capacity building
Strengthening Geological Data Generation
7
![Page 8: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/8.jpg)
Nigerian Minerals and Mining Act, 2007
Ministry of Mines and Steel Development, Abuja, Nigeria
Enacted in March, 2007
Based on international best practices Modeled after successful mining jurisdictions
8
![Page 9: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/9.jpg)
Key Provisions of the New Mining Act
Ministry of Mines and Steel Development, Abuja, Nigeria
Security of tenure of titles/rights.
Competition for mining titles/rights on ‘first come, first served’ basis.
Application of the principle of ‘use it or lose it’ in mining title/rights administration.
Use of time limits for granting titles.
9
![Page 10: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/10.jpg)
Key Provisions of the New Mining Act – Cont.
Ministry of Mines and Steel Development, Abuja, Nigeria
Creation of a Mining Cadastre System in Mineral Title Administration.
Introduction of Community Development Agreement, Environmental Protection and Mitigation Measures.
Transferability of Mining Rights.
10
![Page 11: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/11.jpg)
Improved Enabling Environment
Ministry of Mines and Steel Development, Abuja, Nigeria
Investment Friendly Policy and Legislation Security of Tenure Attractive Fiscal Regime Divestment by Government from Mining Activities to Open
Additional Areas for Private Investors
Internationally Competitive Mining Incentives (Enshrined in the Law)
Availability of Quality Geo-science Data
11
![Page 12: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/12.jpg)
Improved Enabling Environment – Cont.
Ministry of Mines and Steel Development, Abuja, Nigeria
Increased Support Mechanisms and Facilities (e.g. infrastructure and improved service delivery, etc,)
Enhanced Institutional Capacity for Monitoring and Supervision, etc
12
![Page 13: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/13.jpg)
Improved Enabling Environment – Cont.
Ministry of Mines and Steel Development, Abuja, Nigeria
A Robust and Liberalised Economy
Minimal Public Debt
Developing New and Rehabilitating Existing Railway Infrastructure Nationwide
13
![Page 14: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/14.jpg)
EXPLORATION OPPORTUNITIES
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 15: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/15.jpg)
Main Primary Minerals
GoldTar sand (Bitumen)CoalIron oresColumbite-tantaliteTin Ore, WolframiteLead –Zinc SulphidesIndustrial Minerals
15
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 16: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/16.jpg)
Nigeria’s Seven Strategic Solid Minerals
1. Gold – Estimated minimum of 50,000 ounces each in at least 10 locations.
2. Tarsand/Bitumen – Estimated Resource: 27 billion barrels of oil equivalent.
3. Coal – Estimated Resource 2.7 billion tonnes.4. Iron Ore – Estimated Resource at 3 billion tonnes.5. Limestone – Estimated at 2.23 trillion tonnes.6. Barytes – Estimated at 14 million tonnes.7. Lead/Zinc Sulphides – Estimated at over 1million
tonnes.
16
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 17: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/17.jpg)
Minerals of Special Focus
Gold
Bitumen
Iron Ore
Coal
17
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 18: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/18.jpg)
Mineral Map of Nigeria18
Ministry of Mines and Steel Development, Abuja, Nigeria
At least 50 minerals occur in more than 500 locations in Nigeria
![Page 19: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/19.jpg)
Mineral Deposits of Nigeria19
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 20: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/20.jpg)
Gold in Nigeria
Associated with the schist belts of the western half of Nigeria.
Schist Belt in blue is similar to gold bearing rocks in Ghana
20
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 21: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/21.jpg)
Gold in Nigeria – Contd.
Gold in Nigeria is found in alluvial and eluvial placers and primary veins from several parts of supracrustal (schist) belts in the northwest and southwest of Nigeria.
Ministry of Mines and Steel Development
21
![Page 22: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/22.jpg)
INVESTMENT OPPORTUNITIES FOR GOLD
• Occurs in primary, alluvial or eluvial forms and can be found at:
• Okolom/Kogi State, with grades from 1.0-36g/ton
• Dogondaji/Kogi State with grade values from 1.0-75g/ ton
• Waya/Kebbi State, with grade values 0.4 g/ton to 11g/ton
• Iperindo/Osun State, as primary gold • Recent drilling by CGA Mining former Central Asia Gold (CEO Michael
Carrick) 3000 metres of coring has proved more than 300,000 ounces. 2 million ounces estimated.
• Other major occurrences in Ogun, Adamawa, Edo, Kwara, Niger, Kaduna and Zamfara states
• Ecopheoaix, Savanah Gold and others currently engaged in exploration
22
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 23: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/23.jpg)
COLUMBITE-TANTALITE (COLTAN)
In recent past, Nigeria has been the largest producer of Coltan in Africa.
Artisanal mining activity.
23
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 24: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/24.jpg)
COAL
Discovery: 1909
Exploration/mining started in 1913.
Mainly sub-bituminous and has been found in more than 22 locations, in central and eastern Nigeria.
Some Coking Coal has also been found.
Proven reserves of over 639 million tonnes with a further 2,750 million tonnes inferred.
24
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 25: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/25.jpg)
COAL – Cont.
Nigerian Coal Corporation properties being privatised.
Several properties sold.
Greenfield and brownfield areas available.
25
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 26: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/26.jpg)
TAR SANDS (BITUMEN)
First reported in 1900 and exploration began in 1905.
Over 120 exploration wells were sunk to determine the quantity and quality.
Estimated resource of about 27 billion barrels of oil equivalent.
Blocks being sold through an open and competitive bidding process.
26
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 27: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/27.jpg)
TAR SANDS (BITUMEN) – Cont.
The Ministry to commence the bidding process for the allocation of Bitumen and Tarsand blocks.
27
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 28: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/28.jpg)
PRIVATIZATION
Divest government from mining operating interests
Attract strong, credible players into the mining sector
Several properties sold: Gold, Kaolin, Barytes, Coal
28
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 29: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/29.jpg)
Airborne Geophysical Survey29
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 30: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/30.jpg)
Airborne Geophysical Survey – Cont.
Phase (1) covering 44% of the country completed and processed.
Magnetic and Radiometric Data available.
Coverage of the rest of the country is ongoing.
30
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 31: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/31.jpg)
Specific Exploration of Mineral Targets
Airborne geophysical surveys and other surveys have indicated the occurrence of mineralized zones in several parts of the country.
Nigerian Geological Survey Agency (NGSA) is carrying out further exploration of mineral targets.
31
Ministry of Mines and Steel Development, Abuja, Nigeria
![Page 32: MINISTRY OF MINES AND STEEL DEVELOPMENT, ABUJA, NIGERIA BY DIEZANI ALISON-MADUEKE (MRS.), HONOURABLE MINISTER OF MINES AND STEEL DEVELOPMENT. INVESTMENT](https://reader034.vdocuments.net/reader034/viewer/2022042613/5518295f5503469d318b4d52/html5/thumbnails/32.jpg)
Thank you for your attention.